General Management-Social Reposibilities

It is the obligation of organization management for the stakeholders. Stake holders are: government, share holder, customers, supplier, potential investors, employer and employees.

As far as social responsibility is concerned, there are two points of view: Classical and Socio-economic view. From the classical point of view, management is only responsible for the employer, thus, maximizing profits is the only critical issue. In addition, maximizing profits can be divided into short, medium and long term. Therefore, different goals and objectives must be set for different management in order to work efficiently.

From Socio-economic point of view, besides making profit, manag

From ethical point of view, 3M did not mislead the public as the corporate had announced that wearing N95 was not 100% safe, as there could still be a chance the SARS virus got through the micro-gaps of the mask. In addition, 3M had helped and imported a large amount of stock from other nearby regions to fulfill the demand. As far as social responsibility is concerned, 3M had shown a great commitment in order to contribute the welfare of society.

Severe Acute Respiratory Symptom (SARS), a deadly virus with no cure, was spreading furiously around the world. Wearing mask is regarded as one of the effective ways to avoid catching SARS, N95 is one of the reliable masks that 3M manufactured. When the outbreak first began in March, 2003, supply and demand of masks was imbalance: N95 was out of stock everywhere. However, 3M did not increase the price despite that they could have got great profit since then. According to the basic theory of economic, the best method to meet the intermediate is controlled by the invisible market hand, i.e. the price of a product should be risen or decreased according to the market¡¦s demand. The demand would not have dropped even if 3M had marked up the price to get great profit.

Ethical responsibility refers to behaviours that are not stated into law and these behaviours may not direct benefit to the corporation. Quality control is an good example: manufacturer should focus on its quality control in order to provide high standard products; Moreover, pay-rise and double paid for staff are not codified into law. However, when corporate is positive in net profit, it is a good idea to make the staff delighted.

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